F.N.B. (NYSE:FNB) Reaches New 1-Year High – Here’s What Happened

F.N.B. Co. (NYSE:FNB) reached a new 52-week high during trading on Wednesday . The stock traded as high as $15.90 and last traded at $15.79, with a volume of 211207 shares traded. The stock had previously closed at $14.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FNB. StockNews.com upgraded F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, October 21st. Piper Sandler reissued an “overweight” rating on shares of F.N.B. in a research note on Friday, October 18th. Finally, Stephens lifted their price objective on shares of F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.33.

F.N.B. Price Performance

The company has a fifty day simple moving average of $14.24 and a 200-day simple moving average of $14.01. The company has a market cap of $5.94 billion, a P/E ratio of 15.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.92.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in F.N.B. by 25.2% during the 1st quarter. BNP Paribas Financial Markets now owns 36,509 shares of the bank’s stock valued at $515,000 after acquiring an additional 7,344 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in F.N.B. by 5.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,472 shares of the bank’s stock valued at $853,000 after buying an additional 2,914 shares during the period. Central Pacific Bank Trust Division purchased a new stake in F.N.B. in the 1st quarter worth approximately $182,000. Texas Permanent School Fund Corp boosted its position in F.N.B. by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 314,043 shares of the bank’s stock valued at $4,428,000 after purchasing an additional 4,066 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of F.N.B. during the 1st quarter valued at about $600,000. 79.25% of the stock is owned by hedge funds and other institutional investors.

About F.N.B.

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.